this post was submitted on 31 Oct 2024
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Some valid answers are already given by other commentators. Just want to highlight that commercial airlines are operating barely cost positive. Every extra bit of cost added has to be at least covered by some other stream of revenue. How much more money can a seat in these crammed airliners make to cover the cost of R&Ding and maintaining additional safety measures?
Commercial airlines make a fuckton of money, but not in economy passenger travel. Cargo and elite passengers make the money.
That’s revenue, their profit was closer to $4.6bn which, whilst a big number, is a margin of under 8%.
Just like so many other businesses the money never makes it to the rich CEO, board members, affiliate's pockets, and is definitely being paid to the pilots, flight attendants, and ground crew.
That's why they have so little profit and tax payments!